PDD (PDD) Stock Price, News & Analysis

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PDD in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PDD shares.
View PDD analyst ratings or view top-rated stocks.

10 brokers have issued 1 year price objectives for PDD's shares. Their PDD share price targets range from $95.50 to $215.00. On average, they expect the company's share price to reach $128.04 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for PDD or view top-rated stocks among Wall Street analysts.

PDD's stock was trading at $146.31 at the beginning of the year. Since then, PDD stock has decreased by 13.4% and is now trading at $126.6550.
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PDD saw a increase in short interest in January. As of January 15th, there was short interest totaling 35,180,000 shares, an increase of 16.4% from the December 31st total of 30,230,000 shares. Based on an average trading volume of 7,650,000 shares, the days-to-cover ratio is presently 4.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 18th 2024.
View our PDD earnings forecast.

PDD Holdings Inc. (NASDAQ:PDD) announced its quarterly earnings data on Tuesday, November, 28th. The company reported $11.61 earnings per share for the quarter, beating the consensus estimate of $8.94 by $2.67. The firm had revenue of $68.84 billion for the quarter, compared to analyst estimates of $55.18 billion. PDD had a net margin of 23.25% and a trailing twelve-month return on equity of 34.07%. The company's revenue for the quarter was up 93.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS.

ETFs with the largest weight of PDD (NASDAQ:PDD) stock in their portfolio include Emerging Markets Internet & Ecommerce ETF (EMQQ), Invesco Golden Dragon China ETF (PGJ), Invesco China Technology ETF (CQQQ), KraneShares CSI China Internet ETF (KWEB), Global X China Consumer ETF (CHIQ), Global X Emerging Markets Internet & E-commerce ETF (EWEB), Matthews China Active ETF (MCH) and First Trust International IPO ETF (FPXI).

Based on aggregate information from My MarketBeat watchlists, some companies that other PDD investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Micron Technology (MU), Netflix (NFLX), Block (SQ), Tesla (TSLA), Walt Disney (DIS) and Salesforce (CRM).

(PDD) raised $1.5 billion in an initial public offering (IPO) on Thursday, July 26th 2018. The company issued 85,600,000 shares at $16.00-$19.00 per share. Credit Suisse, Goldman Sachs (Asia) and CICC acted as the underwriters for the IPO and China Renaissance was co-manager.

PDD's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (2.88%), IDG China Venture Capital Fund IV Associates L.P. (0.36%), E Fund Management Co. Ltd. (0.35%), RWC Asset Advisors US LLC (0.15%), Fisher Asset Management LLC (0.13%) and Dimensional Fund Advisors LP (0.12%).

Shares of PDD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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